COLD winter update and HOT summer rentals

February 2014 MLS Report & Featured Properties

As always, the first two months of any year in the Door-Kewaunee Real Estate market is not much of an indicator of what the year has in store for buyers and sellers.

However, crawling out from the “winter from hell” (if that makes sense) we would expect activity to be worse than usual.  Not the Case!

Compared to 2013, both number of sales and median price have shown solid increases.

There were 88 sales in the first two months of 2014 compared to 75 the previous year for a very nice increase of 17%.  Meanwhile, we see an increase in the median price of 8%, moving from $120,000 to $130,000.  Let’s hope this is a continuing trend.

I am a little cautious about these numbers because of the delay time between putting sales under contract and the eventual closing.  Most of the January and February closings were put under contract in November and December when weather, although bad, was not as brutal as these last two months. Hence, sales during the next 2 to 3 months will give a better reflection of just how the weather affected real estate activity.

Residential Waterfront Homes is a major category in our MLS.  Following is a summary of activity in that property type:

 

With relatively few sales for this category, it’s hard to make any firm final conclusions regarding value, but we do see some definite trends.  This is especially true for the last couple of years where the median price has dropped below $400,000.  We see a softening of price accompanying an increased number of sales.

Here at ERA Starr Realty our goal is to keep on top of the market in order to better serve our customers and clients.  Buying and selling decisions are huge undertakings and the better informed you are, the better your chances of a positive result.  Contact one of our associates for the latest information regarding your real estate interests.  We are “Always There for You!”

See this month’s featured properties below:

Until next month,

 

Dennis J. Starr

Realtor Emeritus

3191 Meadow View Lane
Sturgeon Bay
$165,500
- 3 Bdrm, 2 ba home with 1,640 sq ft
- Woodburning FP; Family Room
- Huge deck
- 1.54 acre landscaped/wooded lot
- Attached 3 car garage
- New roof in 2013
MLS #122843
Listing Agent: Bob Gray 920-743-4321